A seller's market for used car trading

  • Check with seller
  • Published date: June 3, 2021
    • Assoaera, Goa, India
  • [ #61733 Ad Views - 9 ]
Like new cars and trucks, the used car trading is now a seller's market.

It's a good idea for consumers who buy new cars or buy and sell second-hand cars to learn about the second-hand car market. Since most buyers trade in, the more you get, the less you pay each month.

That's good news.

Tom kontos, chief economist at Carr global, a used car wholesale auction company, said the basic reason why used car wholesale prices are now at or near "historic highs" is the same as new cars.

"Tight supply and strong demand continue to drive wholesale prices and conversion rates to record highs," kontos said in its February wholesale value report released on March 29

Conversion rate refers to the number of products sold in a dealer only auction as a percentage of the number of products sold. A high conversion rate means that wholesale buyers are snapping up the products they offer.

More of you

16 vehicles most likely to run more than 200000 miles

How did a Nazi logo in CPAC turn into a Hyatt PR disaster

New car stocks are tight as new car production recovers slowly from the coronavirus pandemic in the past 12 months and from a shortage of computer chips in 2021. This has a direct impact on the supply of "almost new" used cars.

In addition, as new car sales are weaker than before, this means that dealers are trading fewer old cars for new ones, so there is less second-hand garage stock available.

At the same time, there is a high demand for used car trading. This is partly because it's the tax rebate season, which is usually the busiest time of the year to sell used cars to retail customers. Analysts say high new car prices have also prompted some consumers to switch to used cars.

In addition, government stimulus measures are expected to lead to a rise in used car sales, kontos said. "Driven by stimulus funds and tax rebates, dealers seem to be hoarding stocks for the strong spring market," he said

Of course, for consumers, the negative effect of the high transaction price of second-hand cars is that although you may get more from the trade in, the prices of new cars and used car trading are also very high. So they may cost you more.

Specifically, kontos reported that the average wholesale price of used cars, cars and trucks in February was $13240, up 16.8% from the same period last year. In February, the average wholesale price of used cars was $9624, up 15.1%; The average truck price was $15644, up 15.6%.

In addition, J.D. Power and LMC automotive estimate that the average retail transaction price of new cars (including cars and trucks) reached a record $37524 in February.

Kontos novel coronavirus pneumonia said: "the wholesale price of used cars increased further in February, with an average value increasing substantially over January, and two percentage increase over the level before the new crown pneumonia." This trend continued into the first two weeks of March, the last few weeks of last year that were not affected by the epidemic

Share this ads

Useful information

  • Avoid scams by acting locally or paying with PayPal
  • Never pay with Western Union, Moneygram or other anonymous payment services
  • Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
  • This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"

Related listings

  • Force Motors Hyderabad |Traveller, Toofan, Ambulance, Gurkha

    Force Motors Hyderabad |Traveller, Toofan, Ambulance, Gurkha

    Cars Hyderabad (Andhra Pradesh) June 21, 2021 1500000.00 Rs.

    We provide you with India’s most reliable Ambulance, Traveller buses, School buses, Traveller Monobus, Delivery van’s, Trax toofan, Trax Cruiser, Gurkha. We provide passenger vehicles from 9-seater to 41-seater most reliable and advanced ambulances a...

    9121216321
  • Trusted Car Service Center in Bangalore

    Trusted Car Service Center in Bangalore

    Cars Bangalore (Karnataka) June 18, 2021 Check with seller

    Are you facing car repair issues again and again? Fixmycars giving best solution for your car. We are well qualified mechanics. Visit our website or call for clarification! Who we are? Fixmycars is Bangalore’s leading chain of multi-brand car service...

  • Mahindra Car Dealers in Kerala

    Mahindra Car Dealers in Kerala

    Cars Kochi (Kerala) June 14, 2021 Check with seller

    Pothen Autos is the biggest Mahindra Dealer in Kochi, Muvattupuzha, and Kollam. It has Showrooms, Service Workshops locations across Ernakulam, Muvattupuzha, and Kollam. Visit us for the best On-Road Prices & Offers on Mahindra Cars. We are one s...


Frequently Asked Questions (FAQ) ✅

1. How Can I Register with Free Classifieds 4 U Portal?

The Registration process at Free Classifieds 4 U portal is quite simple. You can either register with your email id or you can register with a social profile such as Twitter, Facebook & Google+. After registration, you can easily post your classified ads.

2. How Can I Post Ad on Free Classifieds 4 U Portal?

Posting an ad is quite simple on Free Classifieds 4 U portal. You have to register first in either to post an ad. After registration, click on the post now button. Fill the classifieds ads form which contains the title, description, image, and other details. After filling all the details you can simply post your ad and pay a minimal amount of INR 100 for approval of classified ads.

3. How can I manage my Classified Ads?

Just sign in and go to "Profile" on the top menu bar. There, you discover every one of your advertisements and can decide to modify them by clicking "edit" and afterward make any updates to your classified ads.

4. What are the ad posting rules at Free Classifieds 4 U Portal?

We just permit one advertisement for a specific thing. Kindly don't post a similar advertisement more than once on a specific day either in a similar class or over various classifications. Any copy advertisements will be taken out.

It would be ideal if you post in the right categories as it helps the users in contacting the correct people with their advertisement and helps the clients searching for something to discover what they need.

Free Classifieds 4 U maintains whatever authority is needed to eliminate any postings that we feel are not important, or of incentive to the Free Classifieds 4 U people group, with or without notice.

5. How Long will The Ad Remain Active on the Classified Website?

Generally, an ad is consequently deactivated from the site after a year. You will get an email seven days before D-Day and another upon the arrival of deactivation. You can put them online in the next month by signing into your account on the website. However, some paid ads have lifetime validity and will not be deleted.


Post Premium Free Classifieds Ads India USA | Buy Sell Classifieds | Best Free Classifieds Portal

Related Sites - www.classifiedsguru.in | www.topclassifieds4u.in | www.freeclassifieds4u.in | www.bestclassifieds4u.in | www.classifieds4u.in | Best Classifieds USA UK

High DA PA Free Premium Guest Blogging Sites: Daow.in - Growindian.com - Simplywriter.com


Web Design and Development Service Pune India

Some Useful Reference Sources - https://lawyersfirmusa.blogspot.com | https://nearmeadsindia.blogspot.com | https://massagespaindia.blogspot.com | https://bodymassagespaservices.blogspot.com | https://nearmeads.blogspot.com

Disclaimer: This website makes for promoting products & services online. Here seller & buyer or any company posts their ads. Every ad was not possible to moderate. So while using this website, any deal you get any loss we are not responsible. If anyone promoting wrong content or misuse of our online advertisement platform, than he/she will face legal action in Pune juridical section. For any Advertisement / Complaint – Submit Contact Form with more details.

Wednesday 23 Jun 2021 04:05:55 am Total Posted Ads - 17934 | Today's Posted Ads - 0 | Premium Ads - -1